NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/8% coupon, a 1.496% high yield, a price of 99.198680.
Processing Content
The bid-to-cover ratio was 3.02.
Tenders at the high yield were allotted 3.77%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.439%. The low yield was 1.330%.
Tenders totaled $87,518,200,800 and the Treasury accepted $28,000,002,800 including $13,800,800 non-competitive.
The Fed banks bought $902,863,600 for their own account in exchange for maturing securities.
The notes are dated Sept. 30 and are due Sept. 30, 2018.
